MoneyTalk: Bank of Canada hikes rate - Brace for more to come

On Wednesday, the Bank of Canada raised its key monetary policy interest rate by a quarter percentage point to 1.75 per cent, citing the reduction of trade policy uncertainty in North America as a result of the new United States-Mexico-Canada Agreement (USMCA), which takes a big risk to the economy off the table. With the Canadian economy showing signs of strength, how high will the Bank of Canada take rates in the coming year?